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Search Results 0 to 11 of about 12 (some duplicates have been removed)
of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades after the second world war in the united states, the top tax rate never fell below 70% under dwight d. eisenhower, president eisenhower -- >> and yet professor, we have heard paul ryan, the so-called budget policy wonk of the house, repeatedly tell us that what we need to do is cut taxes and the economy does great. >> well, that's just simply not true. we had an election. most of the americans obviously did not believe that nonsense, and it is absolutely nonsense. there's no correlation at all between tax rates on the very top and the economy doing worse or for that matter doing much better. but here we have a hug
. >> in 1997 after bill clinton got re-elected but before lewinsky, the republicans tried to do the same thing on chinese fund-raising. remember that? they spent the better part of a year trying to turn this into a huge scandal. there is a little more to that one than there is to this. this is just exploiting a tragedy for political purposes. >> and here is the great irony. john mccain, who seems like he's the big whistle-blower, going after susan rice yesterday. compare what he said about susan rice yesterday with what he said about another foreign policy expert, in this case condoleezza rice, back in 2005. here is mccain on susan rice. take a listen. >> susan rice should have known better, and if she didn't know better, she's not qualified. she should have known better. i will do everything in my power to block her from being the united states secretary of state. >> okay. mortal sin, deal breaker, end of her career because john mccain said she had gotten the wrong brief and delivered the wrong brief. however, mccain had a very different reaction back in 2005 when condoleezza rice was nominat
% to 39.6%, which it was during the bill clinton administration. will the democrats -- and you know the democrats in the house and the senate and the president go along with these serious cuts in spending in entitlements, for example, medicare, social security, medicaid, all those spending cuts that the democrats usually hate. >> first of all, i want to tell my friend, dana, i believe the democrats have a mandate. we don't have to sit around for the next two years and listen to the republicans whine and complain about tax cuts going up. president obama extended the bush tax cuts for two years. he's put forward a grand bargain. republicans reject that had. the democrats defeated 16 republican incumbents last week. i think the house democrats will be in a position to work with mr. boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the repub
in and won a historic election and after that, the next six years, bill clinton moved to the middle unlike barack obama who is still in left field. that when we had newt gingrich and balanced the budget about the late 1990's, and we cut the capital gains tax and the economy really did boom. you've got to do two things, you've got to cut the-- >> we've got to leave it there. just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. v
, hillary clinton has confirmed she's going to leave. as bill plante reports, republicans already are objecting to her potential replacement. bill, good morning. >> reporter: good morning, norah. that's exactly right. cbs news has learned that the president is likely to nominate susan rice, the u.s. ambassador to the united nations, to replace hillary clinton as secretary of state. white house sources say the president feels that he should be able to choose the cabinet members he wants, and they say that rice has done a good job on iran and north korea. but rice was the public face of the administration's initial response to the attacks in benghazi, libya, saying that they were prompted by spontaneous protests, not terrorism, and she's come under fire from republicans. when asked about the possibility of rice as secretary of state, senator lindsey graham had this to say on "face the nation." >> i'm not entertaining promoting anybody that i think was involved with the benghazi debacle. we need to get to the bottom of it. the president has a lot of leeway with me and others when it
together a new cabinet for his second term, including a new cia director. so far only hillary clinton has confirmed she is going to leave. already republicans are objecting to her potential replacement. bill plante, good morning. >> reporter: good morning. and good morning in the west. cbs news has learned that the president will likely insist on nominating susan rice to replace hillary clinton as secretary of state. white house sources say the president feels that he should be able to choose the cabinet members he wants and they say that rice has done a good job on iran and north korea. but rice was the public face of the administration's initial response to the attacks in benghazi, libya, saying that they were prompted by spontaneous protest, not terrorism, and she has come under fire from republicans. when asked about the possibility of rice as secretary of state, senator linds graham had this to say on "face the nation." >> i'm not entertaining promoting anybody that i think was involved with the benghazi d debacle. we need to get to the bottom of t the president
with prudent spending cuts that show fiscal responsibility. you know, don't forget bill crystal said last week on fox that when taxes were raised in the reagan administration, he didn't say when taxes were raised in the clinton administration. the economy took off. so i think leaders -- >> it's possible. it's definitely possible. >> talk about the spirit of compromise that he had mentioned. what does the president get here out of this in if he gets business leaders on board to get republicans to deal? if he gets them on board, will it force republicans to deal? >> we've seen repeatedly the republicans are seen on their own planetary orbit. if you get wealthy americans to say to them that you have to cut a deal, i think what is really important here is you need to show fiscal responsibility. there's 1 trillion to $2 trillion of gas sitting on the sidelines. and they want to be invested in this country, in growing businesses, in building new equipment. >> does this show us therefore we might be seeing what you just described? release some of the 1.2 trillion dlarz? >> if we can show fiscal respo
Search Results 0 to 11 of about 12 (some duplicates have been removed)